Myers says GS Capital seeks more time to complete acquisition

lunedì 10 dicembre 2007 15:25

Dec 10 (Reuters) - Myers Industries Inc (MYE.N: Quotazione) said GS Capital Partners has sought more time to complete the acquisition of the polymer products maker to further evaluate conditions in certain industries in which the company operates.

The private equity arm of Goldman Sachs Group (GS.N: Quotazione) will pay Myers $35 million for extending the merger closing date to April 30, 2008, from December 15, 2007. Myers also declared a special dividend of 28 cents a share to be paid on Jan. 2 to shareholders of record on Dec. 20, it said in a statement. (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)